Examlex
Match each term with its definition.
-Pap test result that means the cells of the lining layer of the cervix show changes that might be cancer or a precancerous condition
Raw Material
Basic materials used in the production process as inputs to create finished goods.
Work in Process
Items that are in the middle stages of production, neither raw materials nor finished goods, reflecting the cost of ongoing manufacturing activities.
Property, Plant, and Equipment
Long-term assets owned by a business for use in production, manufacturing, or administrative functions, not intended for sale.
Standard Cost System
This system assigns predetermined costs to the manufacture of products and services, used for budgeting and controlling expenses.
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